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CoursHeroTranscribedText: Weighted Average Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in...

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CoursHeroTranscribedText: Weighted Average Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process 6-10 Marida Products, Inc., produces plastic cases used for video cameras. The product passes L05 through three departments. For April, the following equivalent units schedule was pre- pared for the first department: Direct Conversion Materials Costs Units completed 5,000 5,000 Units, ending work in process X percentage complete: 6,000 X 100% 6,000 6,000 X 50% 3,000 Equivalent units of output 11,000 8,000 Costs assigned to beginning work in process: direct materials, $30,000; conversion costs, $5,000. Manufacturing costs incurred during April: direct materials, $25,000; conversion costs, $65,000. Marida uses the weighted average method. Required: 1. Compute the unit cost for April. 2. Determine the cost of ending work in process and the cost of goods transferred out

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